SpartanNash (NASDAQ:SPTN) Stock Rating Upgraded by StockNews.com

SpartanNash (NASDAQ:SPTN) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Separately, Northcoast Research lowered shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday, February 19th.

SpartanNash Stock Performance

Shares of SPTN stock opened at $20.18 on Thursday. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The business’s fifty day simple moving average is $19.68 and its 200-day simple moving average is $19.75. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. The company has a market cap of $681.38 million, a PE ratio of -2,018.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same period in the previous year, the company earned $0.35 EPS. Analysts expect that SpartanNash will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Verition Fund Management LLC purchased a new stake in SpartanNash in the third quarter valued at approximately $244,000. Atom Investors LP acquired a new stake in SpartanNash during the 3rd quarter valued at approximately $419,000. Stifel Financial Corp boosted its holdings in shares of SpartanNash by 14.7% in the 3rd quarter. Stifel Financial Corp now owns 47,240 shares of the company’s stock valued at $1,059,000 after acquiring an additional 6,058 shares during the last quarter. Dean Investment Associates LLC increased its stake in shares of SpartanNash by 54.2% in the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock worth $4,221,000 after acquiring an additional 66,178 shares during the period. Finally, Barclays PLC raised its holdings in shares of SpartanNash by 120.0% during the third quarter. Barclays PLC now owns 86,412 shares of the company’s stock worth $1,936,000 after purchasing an additional 47,141 shares during the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash Company Profile

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.